Definition, Meaning & Synonyms
overtaxation
noun
/oʊ.vərˌtækˈseɪ.ʃən/
Definition
The act of imposing an excessive or burdensome amount of tax on individuals or businesses.
Examples
- Many citizens expressed their concerns about overtaxation during the recent town hall meetings.
- The government’s policy on overtaxation has sparked debates among economists and citizens alike.
Meaning
Overtaxation refers to the situation where the government collects too much tax, which can lead to financial strain on taxpayers, potentially hindering their ability to spend and invest.
Synonyms
- excessive taxation
- heavy taxation
- burdensome taxation
